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7 Lexington Road, Concord, ...

Updated Dec 19, 2023

Abby White Acquires Multifamily Property In Concord, MA For $1.87M
SOLDMultiFamily

Abby White Acquires Multifamily Property In Concord, MA For $1.87M

7 Lexington Road, Concord, Massachusetts, USA

$1,867,500

$440/SF

Building Size

4,241 SF

Asset Type

MultiFamily

Closing

Jun 21, 2020

About this deal

AI

Located at 7 Lexington Rd in Concord, MA, this multifamily property was recently sold in a closed transaction. The sale took place on June 21, 2021, with a sale price of $1,867,500. The property spans 4,241 square feet, resulting in a price per square foot of $440.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,867,500
  • Address: 7 Lexington Rd, Concord, MA
  • Market: Concord, MA
  • Seller's Rep: John De Angelis - Boston Environments
  • Buyer's Rep: Abby White - LandVest, Inc., Concord
  • Square Footage: 4,241
  • Price per Square Foot: $440

Represented by their respective brokers, John De Angelis from Boston Environments and Abby White from LandVest, Inc., Concord, the buyer and seller successfully completed the transaction. This closed deal showcases the expertise and professionalism demonstrated by these individuals and their agencies.

Players

John De Angelis

Broker

$1.9M

vol

1 deal

Broker

Concord MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $440 per square foot on a published $1.9M for 4,241 square feet (2020).

Visit John De Angelis to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.49%

Cash-on-Cash

-2.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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